Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Drops By 39.4%

Marubeni Corp. (OTCMKTS:MARUY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 62,373 shares, a decrease of 39.4% from the July 30th total of 102,873 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 270,995 shares, the days-to-cover ratio is currently 0.2 days.

Marubeni Trading Up 0.4%

OTCMKTS:MARUY traded up $0.11 during midday trading on Monday, hitting $30.69. The stock had a trading volume of 5,884 shares, compared to its average volume of 278,133. Marubeni has a one year low of $22.60 and a one year high of $42.61. The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.66 and a beta of 0.52. The stock has a 50-day moving average of $94.93 and a 200 day moving average of $262.98. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Marubeni (OTCMKTS:MARUY) last issued its earnings results on Monday, August 3rd. The conglomerate reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Marubeni had a return on equity of 13.16% and a net margin of 6.62%.The business had revenue of $16.66 billion during the quarter, compared to analyst estimates of $13.80 billion. As a group, sell-side analysts forecast that Marubeni will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Marubeni currently has a consensus rating of “Hold”.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.